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Thermo divests T&M business.(Thermo Electron Corp. test and measurement business sold to Ling Dynamic Systems)(Brief Article)
WALTHAM, MA -- Thermo Electron Corporation has sold its test and measurement business to the Ling Dynamic Systems (LDS) business of SPX Corporation (Charlotte, NC) for an undisclosed cash amount. The Thermo business, formerly part of the company's Measurement and Control sector, had approximately $25 million in revenues in 2002.
Thermo's test and measurement business consists of high-performance data acquisition systems used in research, process maintenance, and physiological applications to measure various physical parameters such as stress, vibration, and temperature sold under the Nicolet and Gould brands. The sale includes U.S. operations in Wisconsin and Ohio and …
